Introduced By

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Introduced

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Passed House

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Passed Senate

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Signed by Governor

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Became Law

Description

Local coal severance taxes. Establishes gross income for purposes of the local coal severance taxes by providing that (i) no exclusions from gross income are allowed for rents and royalty payments and (ii) any value added by processing or transportation taking place in another locality is excluded from gross income. The bill establishes a reduced gross income tax of one-half of one percent for small mines. The bill moves the local coal severance taxes out of Chapter 37 of Title 58.1, which sets forth local license tax laws.

The local coal severance taxes would be applied to the gross income from mining of persons severing coal within the county or city. Read the Bill »